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Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
 The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under the hammer.
An official on the condition of anonymity said the "government will come out with the notice inviting tender (NIT) for auction of coal mines for sale of coal on June 11."
The official further said around 50 coal blocks are likely to be put on sale.
The coal ministry proposes to launch the auction of coal mines through an event in the national capital followed by a series of events in different parts of the country to create sensitisation on the amendments made in Acts and Rules by the Centre and generate private sector interest and participation, according to a government notice.
In a bid to organise and manage the event the coal ministry will appoint a programme management partner, it said.
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
The decision was taken during a meeting of the Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman while announcing financial package had earlier said coal mines would be auctioned to the private sector for commercial mining to end reliance on imports and improve local production.
The methodology approved by CCEA provides that bid parameter will be revenue share, the government had said adding that bidders would be required to bid for a percentage share of revenue payable to the government.
"The floor price shall be four per cent of the revenue share. Bids would be accepted in multiples of 0.5 per cent of the revenue share till the percentage of revenue share is up to 10 per cent and thereafter bids would be accepted in multiples of 0.25 per cent of the revenue share," the coal ministry had said in a release.
There will be no restriction on the sale and/or utilisation of coal from the coal mine.
Source: PTI
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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- SMG Consultants - Indonesia
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- Meenaskhi Energy Private Limited - India
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- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Kepco SPC Power Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
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- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
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- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
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- Sree Jayajothi Cements Limited - India
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- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
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- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bangladesh Power Developement Board
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- Ministry of Transport, Egypt
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- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
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- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
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- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
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- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
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- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
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- Australian Coal Association
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- Pipit Mutiara Jaya. PT, Indonesia
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- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Independent Power Producers Association of India
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- Merrill Lynch Commodities Europe
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- Ministry of Mines - Canada
- New Zealand Coal & Carbon
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- Orica Australia Pty. Ltd.
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- Parry Sugars Refinery, India
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- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
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- Wilmar Investment Holdings
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- Attock Cement Pakistan Limited
- Minerals Council of Australia
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- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
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- LBH Netherlands Bv - Netherlands
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- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
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- Global Coal Blending Company Limited - Australia
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- Chamber of Mines of South Africa
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